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14-004
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14-004
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2/2/2015 2:41:33 PM
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1/24/2014 3:17:30 PM
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W I-1 <br />WH <br />the I <br />WH <br />for i <br />NO, <br />1. <br />2. <br />3 <br />4 <br />A <br />RESOLUTION NO. <br />14 -004 <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />ILUTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br />STMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2014 <br />, the City Council must officially designate depositories for funds; and <br />AS, the investment of funds shall be in accordance with Minnesota Statutes and guidelines of <br />s official investment policy; and <br />S, the City has used and been satisfied with the services of US Bank and other institutions <br />lent purposes; <br />THEREFORE, BE IT RESOLVED that: <br />US Bank shall be designated as the City's primary depository for 2014 and, <br />The institutions with which the City may make investments shall be as follows: <br />RBC Capital Markets <br />Voyager Asset Management, Inc. (4M Fund) <br />Morgan Stanley <br />Wells Fargo Brokerage Securities, LLC <br />Wells Fargo Advisors <br />Piper Jaffray <br />Approval of the above institutions shall be contingent upon their continuing to meet the <br />guidelines of the City's official investment policy. <br />Either a surety bond or collateral shall be provided as security when funds deposited at the City's <br />primary depository herein specified exceed the FDIC guarantee. <br />this 14th day of January, 2014. <br />A. Maiers <br />)r of Finance and Support Services <br />Dave Ja bsen, Mayor <br />Dean R. Lotter, Ci 11 anager <br />
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